SWARM Docs

Overview

SWARM is a community-governed perp fund. Instead of one trader or an algorithm deciding, the holders vote the position. Every 30 minutes the swarm's top-voted trade opens live on Hyperliquid, and auto-closes at the next epoch.

You don't hand over your money. You hold $SWARM, and your balance is your voting weight. A shared treasury (funded by the token's small trade tax) is what actually trades on-chain. The result is one live equity curve everyone can watch.

Voting

Each 30-minute epoch the swarm votes on a single position: an asset, a direction, and a leverage.

• Weight = your $SWARM balance. Bigger bag, bigger say.
• No burn, no lockup. Voting just reads your balance and a signed message. It's gasless and costs nothing.
• Minimum to vote: hold at least 0.1% of supply, to keep spam out.
• The heaviest-weighted choice when the epoch closes is the position that gets opened.

Execution

The winning position is opened on Hyperliquid by the fund's relayer, using the treasury as collateral.

• Trades are placed through a Hyperliquid agent wallet: it can open and close positions, but it cannot withdraw funds. The treasury can't be drained.
• Positions auto-close at the next epoch (every 30 min), so nothing rides forever.
• PnL flows back to the treasury, growing (or shrinking) the fund's book that everyone shares.

The $SWARM token

The 2% buy / 2% sell tax is the only fee. It collects into the treasury that the swarm trades. There is no blacklist, no max-wallet, and no pause — it's a plain transfer tax, and the rate is capped in the contract.

Safety & trust

• Agent can't withdraw. Execution runs on a Hyperliquid agent wallet that is physically unable to move funds out. The swarm decides; nobody can run.
• Tax is capped. MAX_TAX = 5% is enforced in the contract. The owner can lower taxes, never raise them past 5%.
• No hidden switches. No blacklist, no mint function, no trading pause.
• Everything is visible. The position, the treasury, the equity curve — all on-chain and on Hyperliquid.

Roadmap

• Now — Testnet. Token + tax live on BSC testnet, execution proven against Hyperliquid testnet.
• Next — Voting app. The live vote dashboard opens to holders.
• Then — Mainnet. Token launch on PancakeSwap, treasury funded, the swarm starts trading for real.

FAQ

Do I give up my tokens to vote?

No. Voting reads your balance and a signed message. Nothing is staked, locked, or burned.

Can the team run off with the treasury?

No. The trading wallet is an agent that can only open and close positions — it cannot withdraw. And the tax is hard-capped at 5%.

What if a vote loses money?

The treasury (the shared book) takes the loss, and it shows on the equity curve. The swarm wins together and loses together — that's the point.

How often does it trade?

Every 30 minutes. One position per epoch, auto-closed at the next.